As regular KeyPoints readers are aware, every month for quite some time we have begun the Industry News: National section with an overview of monthly same-store retail sales performance, which we generally introduce with a sentence about the International Council of Shopping Centers monthly index of major retailers. That index, and what it measures, has changed dramatically.
Our issue of March 2006 began with this statement: “February same store sales for the ICSC’s index of 65 major retailers rose 3.2%”. As recently as last year, in the June 2012 issue, we noted: “US chain store comp retail sales for May rose by 3.6% year-over-year as measured by the ICSC's tally of 22 major retail chains”. The current month’s ICSC tally, reflecting sales performance for May 2013,consists of just 13 retailers.
Our list of retailers’ monthly sales results
from December 2000.
Note how many are no
longer in business.
We’ve pared down and modified that list over the years; our
Retailers on our list still
All of this said, we’ll continue to quote the ICSC index as a point of interest, and we’ll continue to quote the Commerce Department’s monthly sales index – arguably a more accurate indicator of the retail environment - at the top of Page 4. We’ll continue to publish our retailer list, including the latest figures available at the time of publication. And we’ll keep a critical eye on changing trends in retail sales reporting.
Chris Cardoni, Marketing Manager